Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Directorate of Post Clearance Audit (PCA) Karachi has served an Audit Observation on M/s R.J Corporation, Karachi for claiming inadmissible benefit of concessionary regime. Audit of import data…
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Anwar Hussain on Wednesday dismissed a petition filed by S.Q. Corporation challenging…
KARACHI: The Customs Appellate Tribunal, bench I comprising Muhammad Nadeem Qureshi, Member Judicial (I) and Muhammad Yahya, Member Technical (I) deciding an appeal filed by Asif Textile Trading held that…
KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. six months (July-December 2015) has surged by 7.5 percent to Rs499 billion as against Rs464…
KARACHI: The staff of the Directorate of PCA (Customs) Karachi during the year 2015 reported 60 cases of evasion of customs duty Sales Tax, Income Tax, mis-declaration, short payments of…
KARACHI:- The Customs Appellate Tribunal, Bench I allowed four identical appeals ordering release of confiscated black tea consignment transshipped from Taftan to Quetta Dry Port. The vehicles carrying the imported…
KARACHI: The targets set for customs duty and other levies are not ‘chasable’ due to unwarranted ‘blanket tax exemptions’ to particular sectors, senior custom and Federal Board of Revenue officers…
KARACHI:- The staff of the Directorate of PCA (Customs) Karachi during Jan 2015 to Oct 2015 reported 71 cases of evasion of customs duty Sales Tax, Income Tax, mis-declaration, short…
KARACHI: The hearing of a constitution petition pertaining to the deposition of Workers Welfare Fund was adjourned here on Friday until Monday next by a division bench of High Court…
KARACHI:- A division bench of High Court of Sindh (SHC) comprising Chief Justice Faisal Arab and Justice Iqbal Kalhoro on Thursday disposed of a constitution petition filed by Thatta Power…
KARACHI: The Federal Board of Revenue (FBR) has issued the list of cases selected for audit for tax period July 2013 to June 2014 and tax year 2014 to ensure…
KARACHI:-A division bench of High Court of Sindh (SHC) barred deduction of Advance Tax from the Staff Gratuity Fund of Meezan Bank (Pvt) Limited. The bench hearing a constitution petition…
KARACHI: The Customs Appraisement South comprising MCC Appraisement East, MCC Appraisement West and MCC Port Qasim has surpassed all revenue collection targets for the month of June 2015. Overall collection…
KARACHI: The Peshawar High Court has directed the federal government to take appropriate steps ensuring that persons carrying on business in Federally Administered Tribal Area (FATA) and Provisionally Administered Tribal…
KARACHI: The Customs duty collection by Pakistan Customs surged by 22.44 percent to Rs180.206 billion during nine months ended March 31, 2015 as compared with the collection of Rs147.441 billion…
KARACHI: Federal Board of Revenue (FBR) on Monday issued rules to implement income tax rules for collection of five percent advance tax on air ticket on local and international journeys.…